Equinor ASA (NYSE:EQNR) Upgraded by Danske to “Buy” Rating

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at Danske from a “hold” rating to a “buy” rating in a research report issued on Thursday, MarketBeat reports.

Several other research analysts have also issued reports on EQNR. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Stock Up 2.2 %

Shares of EQNR stock opened at $23.58 on Thursday. The stock has a market cap of $65.84 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. The stock has a fifty day moving average price of $23.94 and a 200 day moving average price of $24.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. Analysts predict that Equinor ASA will post 3.28 earnings per share for the current year.

Institutional Trading of Equinor ASA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Advisors LLC increased its position in Equinor ASA by 10.2% in the fourth quarter. Inspire Advisors LLC now owns 23,313 shares of the company’s stock worth $552,000 after purchasing an additional 2,159 shares during the period. Folketrygdfondet increased its position in Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock worth $2,640,631,000 after purchasing an additional 4,300,472 shares during the period. Callan Family Office LLC acquired a new stake in Equinor ASA in the fourth quarter worth about $485,000. Raymond James Financial Inc. acquired a new stake in Equinor ASA in the fourth quarter worth about $909,000. Finally, Charles Schwab Investment Management Inc. increased its position in Equinor ASA by 62.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock worth $1,486,000 after purchasing an additional 24,090 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

About Equinor ASA

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.